X0202 4 2004-09-23 0000740796 FLORIDA EAST COAST INDUSTRIES INC FLA 0001209758 MACSWAIN ROBERT F ONE MALAGA STREET ST. AUGUSTINE FL 32084 0 1 0 0 Vice Chairman Common 2004-09-23 4 M 0 3414 20.14 A 44327 D Common 2004-09-23 4 M 0 3193 22.22 A 47520 D Common 2004-09-23 4 M 0 393 26.13 A 47913 D Common 2004-09-23 4 S 0 400 37.82 D 47513 D Common 2004-09-23 4 S 0 100 37.83 D 47413 D Common 2004-09-23 4 S 0 100 37.87 D 47313 D Common 2004-09-23 4 S 0 100 37.88 D 47213 D Common 2004-09-23 4 S 0 1700 37.95 D 45513 D Common 2004-09-23 4 S 0 100 37.99 D 45413 D Common 2004-09-23 4 S 0 400 38.00 D 45013 D Common 2004-09-23 4 S 0 300 38.03 D 44713 D Common 2004-09-23 4 S 0 100 38.04 D 44613 D Common 2004-09-23 4 S 0 300 38.05 D 44313 D Common 2004-09-23 4 S 0 100 38.06 D 44213 D Common 2004-09-23 4 S 0 200 38.09 D 44013 D Common 2004-09-23 4 S 0 500 38.10 D 43513 D Common 2004-09-23 4 S 0 100 38.11 D 43413 D Common 2004-09-23 4 S 0 100 38.12 D 43313 D Common 2004-09-23 4 S 0 200 38.14 D 43113 D Common 2004-09-23 4 S 0 600 38.15 D 42513 D Common 2004-09-23 4 S 0 100 38.18 D 42413 D Common 2004-09-23 4 S 0 900 38.20 D 41513 D Common 2004-09-23 4 S 0 200 38.23 D 41313 D Common 2004-09-23 4 S 0 100 38.30 D 41213 D Common 2004-09-23 4 S 0 300 38.35 D 40913 D Common 925 I By 401(k) Plan NSO 20.14 2004-09-23 4 M 0 3414 D 2003-12-14 2006-12-14 Common 3414 126505 D NSO 22.22 2004-09-23 4 M 0 3193 D 2004-02-25 2007-02-25 Common 3193 123312 D NSO 26.13 2004-09-23 4 M 0 393 D 2001-02-02 2009-02-02 Common 393 122919 D Exercise of options. _______________________________________ Robert F. MacSwain 2004-09-24